Wednesday, September 05, 2012

UCO 999: a New Medium Term Fixed Deposit Scheme for 999 Days maturities


The salient features of the captioned scheme are given below:
1.    The bank will be launching a new medium term fixed deposit product titled UCO 999 from September 10th 2012 at all UCO Bank branches across the country.
2.    UCO 999 fixed deposit scheme offers a higher interest rate of 9.30% per annum yielding higher returns.
3.    UCO 999 would be open for a limited duration beginning from September  10th 2012 (Monday) and up to October 31st 2012 (Wednesday)
4.    The minimum amount of deposit under UCO 999 would be Rs 5000/- and thereafter in multiples of Rs 1000/- with a maximum outer limit of Rs 100 lac.
5.    Special incentive rate for Senior citizen, Staff/Ex-staff is as usual
6.     The new product is targeted specially for investors looking for longer maturity apart from catering to the customers who are looking to grow their funds over a medium term period.  

No comments: